haku: @indexterm capital markets / yhteensä: 931
viite: 14 / 931
| Tekijä: | Baker, M. Eadsforth, C. Collins, M. |
| Otsikko: | Avoiding toxic assets and ensuring bank stability: English commercial bank investments, 1880-1910 |
| Lehti: | Business history
2009 : NOV, VOL. 51:6, p. 854-874 |
| Asiasana: | banking history investment capital markets portfolio management UNITED KINGDOM |
| Kieli: | eng |
| Tiivistelmä: | New estimates are made of the relative importance of investments within the banks' assets structure, of the significance of bank investments in the market as a whole and of the composition of those investments. There are also estimates of how those investments changed in a period that experienced a significant increase in the scale, liquidity and diversity in Britain's organised secondary capital markets. Investment holdings amongst insurance companies and in the total market are used as benchmarks. One finding reveals that there was a great deal of variation in the size of bank investments relative to total assets, with no evidence of a "norm" investments ratio. Another finding indicates that although there is some evidence of greater diversity over time, conservatism is more evident. All in all, there was a commitment to a high liquidity, risk-averse approach to portfolio management which contributed to bank stability and limited the financing of the private sector. |
SCIMA